Examlex

Solved

This Figure Shows the Payoffs Involved When Sarah and Joe

question 139

Multiple Choice

  This figure shows the payoffs involved when Sarah and Joe work on a school project together for a single grade.They both will enjoy a higher grade when more effort is put into the project,but they also get pleasure from goofing off and not working on the project.The payoffs can be thought of as the utility each would get from the effort they individually put forth and the grade they jointly receive. According to the figure shown,Sarah: A)  should put forth low effort, regardless of what Joe chooses to do. B)  should put forth high effort, regardless of what Joe choose to do. C)  does not have a dominant strategy. D)  should take the first-mover advantage and put forth low effort. This figure shows the payoffs involved when Sarah and Joe work on a school project together for a single grade.They both will enjoy a higher grade when more effort is put into the project,but they also get pleasure from goofing off and not working on the project.The payoffs can be thought of as the utility each would get from the effort they individually put forth and the grade they jointly receive.
According to the figure shown,Sarah:


Definitions:

Wing

A limb adapted for flight found in birds, bats, insects, and some other organisms, facilitating movement through the air.

Butterfly

An insect belonging to the order Lepidoptera, known for their colorful wings and the role as pollinators in ecosystems.

Amphibian

A class of cold-blooded vertebrates that can live both in water and on land, including frogs, toads, salamanders, and newts.

Mammal

Warm-blooded vertebrates characterized by the presence of mammary glands which in females produce milk for feeding their young.

Related Questions